|
EQS-Ad-hoc: init innovation in traffic systems SE / Key word(s): Contract Transport for London (TfL) and INIT Innovations in Transportation Ltd., a wholly owned UK subsidiary of init innovation in traffic systems SE, have signed the contract for the delivery of the London intelligent bus (iBus2) on-bus and back-office services. INIT will be providing more than 8,500 on-board computers and ancillary devices for all the buses and trams of the TfL vehicle fleet. TfL will use init’s technology to help them manage their franchise operations and to enhance safety and service quality for their passengers. iBus2 will be delivered as an integrated service including system performance measurements with integrated KPIs and a cost effective “Strip and Collect” maintenance model where operators can easily provide 1st line services. The tender divides into three lots. All three lots have now been awarded to INIT Ltd. The total contract has a value in the order of GBP 80 million for the investment phase and a similar order of magnitude for the first 10-year operations period. In addition, further options might be ordered at a later stage including a second 10-year operations period.
Contact: Person making the notification:Simone Fritz Investor Relations ir@initse.com End of Inside Information
04-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | init innovation in traffic systems SE |
| Käppelestraße 4-10 | |
| 76131 Karlsruhe | |
| Germany | |
| Phone: | +49 (0)721 6100 0 |
| Fax: | +49 (0)721 6100 399 |
| E-mail: | ir@initse.com |
| Internet: | www.initse.com |
| ISIN: | DE0005759807 |
| WKN: | 575980 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1850971 |
| End of Announcement | EQS News Service |
|
|
1850971 04-March-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
